Garden City sale escrow funds release
Company: Applied Digital - Project: Garden City
The claim, verbatim
Received 25 million dollars of previously escrowed proceeds from Garden City facility sale upon satisfaction of conditional approval requirements as of July 30 2024
Source (primary)
Applied Digital S-1 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On July 30, 2024, we announced that the conditional approval requirements related to the release of the escrowed funds from the sale of our Garden City hosting facility have been met. As of the date of this prospectus, we have received the remaining $25 million of the purchase price, previously held in escrow pending such conditional approval.”
How we checked this
Additional evidence
confirms Applied Digital S-1 filed 2024-09-11
Quote: “On July 30, 2024, we announced that the conditional approval requirements related to the release of the escrowed funds from the sale of our Garden City hosting facility have been met. As of the date of this prospectus, we have received the remaining $25 million of the purchase price, previously held in escrow pending such conditional approval.”